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17 Jan 2020

Fed's Harker: Negative rates would be disruptive in US

Regarding the possibility of the Federal Reserve considering the use of negative interest rates, Philadelphia Federal Reserve Bank President Patrick Harker argued negative rates would be disruptive in the US while speaking at a banking forum in Somerset, New Jersey, on Friday.

Harker further noted that he is committed to keeping rates low for long. "Business investment is a laggard. I hope resolving some trade and global uncertainty will unleash business investment," Harker added.

The US Dollar Index ignored these remarks and was last up 0.23% on the day at 97.53.

Jan 17, 2020

WTI extends the upside to the $59.00 mark

Prices of the barrel of the American reference for the sweet light crude oil are prolonging the recovery from recent lows and are flirting with the ke
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Jan 17, 2020

Wall Street edges up to fresh record highs on upbeat data

Wall Street's main indexes opened the last day of the week at fresh all-time highs supported by upbeat macroeconomic data releases from the US and str
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